Family feud between Baba Kalyani, sister for Hikal stake escalates

THE family feud between the Pune-based Kalyani group led by Baba Kalyani and his sister Sugandha Hiremath who controls a majority in Hikal has taken a murky turn.

- BENN KOCHUVEEDAN @ Mumbai

The Baba faction shared a letter that the late N Vaghul, ex-head of ICICI, wrote to them on the disputes over the ownership of Hikal shares between Sugandha's husband Jai Hiremath and Surajmukhi Investment & Finance, an erstwhile subsidiary of Kalyani Steels.